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HomeMy WebLinkAboutResolution 8456 RESOLUTION NO. 8456 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA Closing the DARE Special Revenue Fund WHEREAS, the City desires to maintain accounting records that follow Generally Accepted Accounting Principals (GAAP); and WHEREAS, GAAP overarching principals state that no more funds then necessary should be used to record accounting activity; and WHEREAS, the DARE Special Revenue Fund is no longer necessary and any future activity can be accounted for in the General Fund. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the DARE Special Revenue Fund shall be closed to the General Fund and staff is authorized to make the necessary transactions and budget adjustments to facilitate the fund closure. Adopted this 28th day of September 2015. %e Flaherty, Mayor ATTEST: d c zit James Ericson, City Administrator (seal)